Baua Electric

MAY 3, 2024

Treasury Department on Friday gave automakers additional flexibility on battery mineral requirements for electric vehicle tax credits on some crucial trace minerals from China, such as graphite. 1 restricting Chinese content in batteries eligible for EV tax credits of up to USD 7,500, which sharply cut the number of eligible vehicles.

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Tax Credit Tax Chinese Auto 52

Teslarati

DECEMBER 3, 2023

The White House issued new guidance on federal electric vehicle (EV) tax credits this week, including a key exemption that’s considered a win for many automakers, as it offers extra time for companies attempting to set up battery production operations in the U.S. These countries include North Korea, China, Russia and Iran.

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Tax Credit Tax North Korea Iran 110

Baua Electric

JANUARY 30, 2024

lawmakers for its use of technology supplied by Chinese battery maker CATL. House committees asked the Biden administration to investigate four Chinese companies they say are involved in Ford Motor’s planned Michigan battery plant, according to a letter seen Monday by Reuters. The plant has drawn fire from U.S.

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Chinese Ford Auto North Korea 52